Economists have lowered their growth predictions for India after new data showed that the country’s economy is growing more slowly than before. In the last quarter, from July to September, India’s economy grew at only 5.4%. This is the lowest rate in over a year and much less than what experts and the Reserve Bank of India expected, which was 7%.
Experts from companies like Goldman Sachs and Barclays have changed their forecasts. Goldman Sachs’ economists have reduced their growth estimate for this financial year to 6%, down from 6.4%. Other analysts have also lowered their expectations. They say the slowdown is because manufacturing activity is weaker than planned. Madhavi Arora, an economist from Emkay Global Financial Services, has also revised her prediction to 6% from 6.5%. She believes urban spending will remain low due to weak incomes, while any increase in rural spending is just temporary.
Falling wages, lower company profits, and high prices have made it hard for the economy to pick up in recent months. Because of this, several government officials are asking for lower interest rates. However, Reserve Bank of India Governor Shaktikanta Das is hesitant to do so, saying it could be risky with inflation still high. The next meeting about interest rates is coming up on December 6.
Experts believe the disappointing GDP numbers may push the government to accelerate its spending on projects. However, they don’t think the slowdown in manufacturing will get better quickly. Some believe there is now a better chance of rate cuts starting in December. Economists suggest that even if there isn’t a rate cut, the Reserve Bank might need to lower the amount of cash banks must keep in reserve or use other methods to help banks lend more money. The Reserve Bank will also need to update its forecasts for inflation and GDP growth during this meeting since the inflation numbers have been higher than earlier estimates, and the actual GDP growth is below what was expected.
Tag: thellv.news
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India’s Economic Growth Slumps to 5.4%: What Happens Next?
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Cyclone Fengal Heads Towards Tamil Nadu: Safety Tips and Updates
Cyclone Fengal is becoming a strong storm in the southwest Bay of Bengal. It’s expected to hit Tamil Nadu and Puducherry by Saturday evening. Because of this storm, local authorities are taking steps to keep everyone safe.
Chennai International Airport will close from 12:30 PM to 7:00 PM on Saturday due to bad weather and strong winds. Passengers should check their flight status before coming to the airport. Airlines, including IndiGo, are warning travelers about possible flight changes and urging everyone to stay safe during the storm.
In Puducherry, police are taking extra steps to keep people safe. They are ensuring that people stay away from beaches and coastal areas, such as Marina Beach. About 300 police officers are monitoring these areas. Fishermen have been told not to go out to sea, and the beaches are closed for safety.
In Tamil Nadu, heavy rain has already started to damage crops in places like Tiruvarur and Mayiladuthurai. Farmers are worried as more rain is expected, which could cause even more damage. Schools in affected areas are closing to keep students safe, while schools in places like Chennai will remain open.
Currently, Cyclone Fengal is moving northward and is about 470 km from Nagapattinam and 670 km from Chennai. The Indian Meteorological Department warns that heavy rain will continue as the storm gets closer. Emergency teams are ready, and farmers are preparing for possible damage to their crops.
The name ‘Fengal’ was given to this cyclone by Saudi Arabia as part of a naming system used globally. Naming storms helps people recognize them and take necessary precautions.
As Cyclone Fengal comes closer, everyone should be careful, avoid coastal areas, and keep up with news updates. The next few days are very important, and everyone should take the right steps to stay safe
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Arvind Kejriwal Attacked Again: Concerns Over Delhi’s Safety
On Saturday, a tense situation occurred in Greater Kailash, Delhi, when a man threw a liquid at former chief minister Arvind Kejriwal during his campaign. A video showed this man trying to reach for Kejriwal, but quick-action security guards stopped him. After the incident, Kejriwal was seen wiping his face.
The Aam Aadmi Party (AAP) quickly blamed the Bharatiya Janata Party (BJP) for this attack. Delhi minister Saurabh Bharadwaj spoke out, saying that crime is increasing in Delhi, with violent incidents happening regularly. He mentioned a gym owner being murdered and another person being stabbed nearby, all while claiming that Kejriwal has been continuously targeted.
Bharadwaj said, “If a former chief minister isn’t safe in Delhi, how can regular people feel secure?” He accused the central government and the Home Minister of failing to maintain order in the city.
The man responsible for the attack, who was said to live in the area, was taken to the local police station for questioning. This incident follows another claim by AAP that Kejriwal was attacked during a march in Vikaspuri just last month. AAP chief minister Atishi expressed concern about the BJP’s tactics, suggesting that the party is desperate since they cannot beat AAP in elections.
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Bangladesh’s Foreign Affairs Advisor Discusses Changing Ties with India
Bangladesh’s foreign affairs advisor, Mohammed Touhid Hossain, spoke on Saturday about the changing relationship between Bangladesh and India. He said that things have shifted since former Prime Minister Sheikh Hasina was pushed out of power in August. Hossain was speaking at a seminar at North South University in Dhaka.
He mentioned that after August 5, Bangladesh’s relationship with India changed and that it’s important for Bangladesh to think about this new reality when building its ties with India. “I believe India will understand how to move forward with Bangladesh under the new situation,” said Hossain.
The relationship between the two countries has gotten tense since Hasina stepped down, following protests led by student groups. A caretaker government led by Nobel Prize winner Muhammad Yunus took over after her departure.
Touhid Hossain also noted that the previous government worked hard to ease India’s worries. He said, “They tried to remove India’s concerns. We also have our own worries. Issues arise when our problems are not addressed,” but he didn’t give more details.
He is hopeful that Bangladesh can still build a good relationship with India. “We will not harm anyone. We hope that no one will harm us,” he added. Hossain also suggested that the media in India exaggerates the situation and urged Bangladeshi media to report more objectively.
Recently, India asked Bangladesh’s interim government to protect Hindus and other minority groups from threats and violence. They also called for fairness in handling the case of Chinmoy Krishna Das, a Bangladeshi monk who was arrested on a sedition charge.
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Hindu Priests Arrested in Bangladesh: Protests and Concerns Rise
Hindu priest Shyam Das Prabhu was arrested on Friday in Bangladesh, according to Radharamn Das, a spokesperson for ISKCON Kolkata. His arrest follows widespread protests over the detention of another priest, Chinmoy Krishna Das, who is accused of sedition and was denied bail earlier this week.
Radharamn shared Shyam Das’s photo on the social media platform X, saying, “Does he look like a terrorist? FreeISKCONMonks.” He mentioned that the arrest of innocent ISKCON monks is very shocking and disturbing.
In the past few weeks, there have been many protests in both Bangladesh and India, calling for the release of Chinmoy Krishna Das. The Indian government has also expressed serious concern about the safety of Hindus in Bangladesh.
Hindus make up about 8% of Bangladesh’s 170 million people. Since August 5, when the Awami League government changed, there have been over 200 attacks on Hindus across 50 districts.
The Rashtriya Swayamsevak Sangh (RSS), a Hindu group in India, condemned what they called “atrocities” against Hindus in Bangladesh. They criticized the current government for not taking action and called for Chinmoy Das’s release.
On the other hand, the Bangladeshi government insists that Hindus are safe and that there is no threat to minorities. Muhammad Yunus, the Chief Advisor, stated that they are committed to ensuring a fair trial for Chinmoy Das.
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Sharad Kapoor Accused of Harassment: Legal Action Initiated
Actor Sharad Kapoor, known for his roles in movies, has been accused of harassment by a 32-year-old woman. She says he invited her to his house to talk about a work project but then made unwanted advances and sent her rude messages.
On November 26, 2024, she went to his office to discuss video reels, as he had suggested. When she got there, she claimed that he was dressed inappropriately and tried to touch her in ways that made her uncomfortable. After this meeting, she received more inappropriate messages from him, including a voice note that upset her even more.
She has decided to take legal action against him, saying it’s important to hold people accountable in the entertainment industry. The police have taken her complaint seriously and filed a First Information Report (FIR) against Kapoor, using specific laws meant to protect people from such behavior.
So far, the police have not received any comments or statements from Sharad Kapoor about these accusations. He started his acting career in 1994 with the movie “Mera Pyara Bharat” and has appeared in many films, playing both supporting and villain roles. Recently, he was seen in the political drama “Jai Ho,” which starred Salman Khan.
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Odisha Guarantees Farmers 48-Hour Payment for Kharif Paddy MSP
The Odisha government has promised that farmers will receive money in their bank accounts within 48 hours after they sell their Kharif paddy.
To make sure this happens, the government has placed officials at different levels to watch and manage the whole process. On Friday, they ordered these officials to guarantee that registered farmers get their Minimum Support Price (MSP) for their Kharif paddy within the promised 48 hours. The money will go straight into their bank accounts.
The government has also made sure to set up ways to help farmers with any problems they might face. The Supplies department is taking care of this.
A new digital platform has been launched to help with these transactions. It will check farmers’ bank account details quickly and accurately. Once all the documents are verified, the money will be sent to the farmers’ accounts in just 48 hours.
This move by the Odisha government comes shortly after the Union government announced new price hikes for wheat and other crops for the 2025-26 Marketing Season
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BJP Challenges Congress on EVM Integrity After Maharashtra Elections
The Bharatiya Janata Party (BJP) is criticizing the Congress party for raising doubts about the fairness of Electronic Voting Machines (EVMs). BJP spokesperson Gaurav Bhatia suggested that Congress leaders, including Rahul Gandhi, should resign from their positions and promise to run for office only if paper ballots are used again. He believes this action would show that Congress truly trusts their claims. Bhatia stated that if the Congress leaders do not do this, then their complaints are just empty talk.
Bhatia also encouraged Congress to take their concerns to court, pointing out that the Supreme Court has already confirmed that the Election Commission is trustworthy and EVMs are reliable.
It was noted that it is ironic for Congress President Mallikarjun Kharge to question the election system on the same day Priyanka Gandhi Vadra, from Congress, was sworn in as the Member of Parliament for Vayanad in Kerala. Bhatia said Congress will soon be just a part of history.
In the recent Maharashtra Assembly elections, the BJP-led coalition won a huge victory with 233 out of 288 seats. The BJP alone took 132 seats, while its partners, the Shiv Sena and NCP, won 57 and 41 seats, respectively. The Congress party made a complaint to the Election Commission, alleging problems in vote counting. However, the Election Commission dismissed these claims and invited Congress representatives to discuss the matter on December 3.
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Rising Tensions: Hindus in Bangladesh Face Violence and Arrests, Demands UN Intervention
Tensions between India and Bangladesh have been increasing because of violence against Hindu people in Bangladesh. Recently, the Bangladeshi government has taken harsh actions against Hindus, including vandalizing temples and freezing the bank accounts of people related to the International Society for Krishna Consciousness (ISKCON).
Protests have erupted across Bangladesh after a former ISKCON member, Chinmoy Krishna Das, was arrested on November 25. He was accused of disrespecting the national flag during a rally. Despite the protests, he was denied bail.
On November 29, a large mob vandalized three Hindu temples in Chattogram, damaging them and shouting anti-Hindu slogans. No one was injured, but it caused concern among the Hindu community.
The Bangladeshi authorities also ordered a freeze on the bank accounts of 17 people linked to ISKCON for 30 days. This came after a court dismissed a petition to ban ISKCON following a protest where a lawyer was killed.
Members of organizations like Vishwa Hindu Parishad (VHP) and Bajrang Dal protested against Krishna Das’ arrest, asking for the safety of Hindus in Bangladesh. They urged the Indian government to take action.
The Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist group, criticized the Bangladeshi government for not protecting Hindus. They called for the release of Krishna Das and better security for Hindus.
In response, India has expressed concern for the safety of Hindus and other minorities in Bangladesh. They hope the Bangladeshi government will act to protect everyone.
However, Bangladesh’s government responded, claiming India has double standards regarding minority protection, specifically referring to issues facing Muslims in India
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BJP’s Shocking Claims: AAP MLA Caught in Extortion Controversy
Recently, the BJP (Bharatiya Janata Party) accused the AAP (Aam Aadmi Party) of extorting money. They shared an audio recording that they claim shows a conversation between an AAP MLA (Member of Legislative Assembly) and a gangster. In the clip, the MLA apparently talks about taking money from people.
The BJP leaders say this conversation reveals corruption in AAP. They urge the police to investigate the matter further. However, the AAP responded by calling the audio fake and said it is just an attempt to damage their reputation.
This controversy has caused a lot of discussions among people in Delhi. Many citizens are worried about corruption in politics and want leaders to act honestly. The situation continues to develop, and both parties are standing firm in their claims.